UAE-based Orient Insurance has entered into a reinsurance arrangement with HDFC International Life and Re  to cater to the needs of the expat segment.

 HDFC International Life & Re is a 100 per cent subsidiary of HDFC Standard Life Insurance Company from India and carries significant experience and expertise in underwriting life risks.

Orient also announced launch of its new product “Orient Pension Plan” which aims to cater to the expatriate population’s requirement of building a steady dollar denominated retirement income.  

“This strategic relationship marks the coming together of Orient and HDFC International Life & Re, both having established and impeccable track records of customer centricity and financial robustness,” said Omer Elamin, president – Orient Group at their Annual Partners Meet held on October 16 at InterContinental Hotel, Dubai Festival City.

 He further added: “The reinsurance arrangement helps us get closer to our strategic objectives, and we believe the association will provide value to the end customer. Orient Pension plan is an attempt to help our customers structure a long term savings vehicle which would secure their post retirement income.”

Sameer Yogishwar, CEO HDFC International said: “Orient Insurance understands the needs of UAE based customers and will continue to come up with compelling solutions. We are delighted to associate with and provide our underwriting & reinsurance expertise to Orient.” – TradeArabia News Service